On Friday the American indices managed to rise a bit. However, all three of them are going down today. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
The S&P 500 managed to rise on Friday. The price finished the last session of the week at 4010. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and reach 3980. But if they do, the price might return above 4010.
NASDAQ 100
NASDAQ 100 also managed to rise on Friday. The price finished the last session of the week at 12920. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to the EMA 200 and 12800. But if they do, the price might return above 12900.
Dow Jones Industrial Average
The DJIA index managed to rise on Friday as well. The price finished the last session of the week slightly below 32500. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to the Pivot Point and 32300. But if they do, the price might rise above 32500.
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